Proposed Consent Agreement In the Matter of Watershed Development Corp., also doing business as Watershed and Aaron’s Sales & Lease Ownership, FTC File No. 1123151 #00016

Proposed Consent Agreement In the Matter of Watershed Development Corp., also doing business as Watershed and Aaron’s Sales & Lease Ownership, FTC File No. 1123151 #00016

October 10, 2012 11:32pm

Submission Number:

00016

Commenter:

Sam Yaski

State:

Tennessee

Initiative Name:

Proposed Consent Agreement In the Matter of Watershed Development Corp., also doing business as Watershed and Aaron’s Sales & Lease Ownership, FTC File No. 1123151

The problem I see with this is that you think like most misguided people do when it comes to rent-to-own. You think that someone that is renting has some rights to the product. This is NOT the case. This is not a long term rental like a lease on a car. It is a short term rental like at Budget. Or think of it as a hotel room. You agree to pay for three nights and for that you can have the use of the room for three nights. However, on the fourth night you are not entitled to use it. There is no grace period, you are trespassing and can be arrested if you do not vacate. This is how a rental contract works. Next, you will never have a rental store treating everyone like a criminal. They want their business. Therefore, when someone does not return the item at the end of the weekly rental period they are called, sent letters, and visited by a store employee. So, ask yourself why would a rental store want to capture screenshots, take a picture, and pop-up a fake program trying to get them to fill it out? It is elementary, my dear Watson. It is because the person renting it is claiming it was stolen or they have moved and cannot be reached. This is what happens and stating anything other than the facts is misleading. I hope these companies get a lawyer and sue you over this because this is simply the best case of abuse of power I have seen in 20 years of my legal profession. Sam Yaski